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Latin American Economy & Business - May 2016 (ISSN 1741-7430)
Ecuador: Correa leaves no stone unturned post-earthquake
The 7.8-magnitude earthquake that devastated Ecuador’s northern coastal provinces in mid-April caused an estimated US$3bn in damages – or about 3% of GDP. With the oil-dependent and dollarised economy already struggling with severe liquidity shortages, the left-wing government led by President Rafael Correa is considering all options, including a new financing agreement with the International Monetary Fund (IMF) and the sale of state assets.
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- Colombia: Higher interest rates, lower growth, but a soft-landing overall
- Venezuela: The shortage economy
- Honduras: Some improvement, but structural problems persist
- El Salvador: Stuck in a vicious cycle
- Puerto Rico: The buck is passed…to Washington DC
- Ecuador: Correa leaves no stone unturned post-earthquake
- Paraguay: Full maquila ahead?
- Region: Commercial Real Estate: at a low point in the cycle
- Region: Capital markets better in first quarter
- Region: Corporate Radar